Morimatsu International Holdings Company Limited (HK:2155)
:2155
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Morimatsu International Holdings Company Limited
(2155)
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Rating:78Outperform
Price Target:
HK$12.50
▲(36.46% Upside)
Action:ReiteratedDate:01/13/26
The score is primarily driven by strong financial quality—solid margins, very low leverage, and strong cash-flow generation—partly offset by recent softening in revenue/net income. Technicals remain bullish with price above key averages, but overextended momentum (high RSI/Stoch) adds near-term risk. Valuation appears reasonable rather than deeply discounted (P/E 15.7; ~1.38% yield).
Positive Factors
Low Financial Leverage
A very low debt-to-equity ratio provides durable financial resilience, reducing refinancing and default risk. Over 2-6 months this supports stable operations, ability to pursue large project bids, fund working capital and capex internally, and absorb cyclical shocks without stressing liquidity.
Negative Factors
Revenue Decline Trend
Material year-over-year revenue decline signals weakening order intake or execution timing in a project-driven business. If this trend persists it can compress margins, reduce free cash flow and impair capacity to invest or bid on new contracts over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A very low debt-to-equity ratio provides durable financial resilience, reducing refinancing and default risk. Over 2-6 months this supports stable operations, ability to pursue large project bids, fund working capital and capex internally, and absorb cyclical shocks without stressing liquidity.
Read all positive factors
Morimatsu International Holdings Company Limited (2155) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.53B
Dividend Yield1.57%
Average Volume (3M)5.33M
Price to Earnings (P/E)10.0
Beta (1Y)1.20
Revenue Growth-13.95%
EPS Growth-13.61%
CountryHK
Employees4,347
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.23
Shares Outstanding1,245,419,000
10 Day Avg. Volume3,954,504
30 Day Avg. Volume5,326,687
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)1.02
Price to Sales (P/S)0.74
P/FCF Ratio7.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.39Price Target Upside13.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.87
Revenue Forecast (FY)HK$8.95B
Morimatsu International Holdings Company Limited Business Overview & Revenue Model
Company Description
Morimatsu International Holdings Company Limited designs, manufactures, installs, and operates and maintains process equipment, process systems, and solutions primarily for chemical, biological, and polymerization reactions in China and internatio...
How the Company Makes Money
Morimatsu International Holdings generates revenue primarily through the sale of pressure vessels and related equipment to industries such as oil and gas, chemicals, and energy. The company’s revenue model is based on project-based contracts, wher...
Morimatsu International Holdings Company Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.16B | 6.95B | 7.36B | 6.49B | 4.28B | 2.98B |
| Gross Profit | 1.82B | 2.06B | 2.06B | 1.79B | 1.18B | 844.10M |
| EBITDA | 882.66M | 1.12B | 1.14B | 890.68M | 564.95M | 430.56M |
| Net Income | 699.10M | 737.24M | 844.68M | 669.27M | 381.84M | 289.38M |
Balance Sheet | ||||||
| Total Assets | 9.66B | 8.91B | 8.93B | 7.96B | 5.70B | 3.03B |
| Cash, Cash Equivalents and Short-Term Investments | 3.17B | 2.99B | 2.23B | 1.62B | 1.55B | 424.43M |
| Total Debt | 305.03M | 295.79M | 384.33M | 467.40M | 373.88M | 446.15M |
| Total Liabilities | 4.14B | 3.63B | 4.54B | 5.14B | 3.69B | 2.04B |
| Stockholders Equity | 5.29B | 5.05B | 4.38B | 2.82B | 2.01B | 998.31M |
Cash Flow | ||||||
| Free Cash Flow | 635.20M | 721.79M | 100.50M | 38.09M | 730.26M | 25.90M |
| Operating Cash Flow | 838.32M | 1.15B | 671.28M | 905.15M | 1.17B | 155.65M |
| Investing Cash Flow | -270.81M | -765.72M | -408.13M | -1.15B | -448.13M | -135.77M |
| Financing Cash Flow | -101.58M | -144.06M | 506.98M | 57.05M | 445.06M | -30.61M |
Morimatsu International Holdings Company Limited Technical Analysis
Negative
9.16
Price Trends
9.42
Negative
9.40
Negative
9.20
Negative
Market Momentum
-0.84
Positive
32.01
Neutral
34.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2155, the sentiment is Negative. The current price of 9.16 is above the 20-day moving average (MA) of 7.93, below the 50-day MA of 9.42, and below the 200-day MA of 9.20, indicating a bearish trend. The MACD of -0.84 indicates Positive momentum. The RSI at 32.01 is Neutral, neither overbought nor oversold. The STOCH value of 34.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2155.
Morimatsu International Holdings Company Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$8.53B | 10.00 | 10.93% | 1.57% | -13.95% | -13.61% | |
73 Outperform | HK$15.12B | 12.66 | 13.39% | 3.23% | 2.87% | 17.03% | |
67 Neutral | HK$46.34B | 12.86 | 15.55% | 1.44% | 34.78% | 98.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$8.92B | 7.99 | 8.82% | 2.50% | 11.18% | 46.57% | |
45 Neutral | HK$3.19B | -3.37 | -69.18% | ― | -4.88% | -860.80% | |
41 Neutral | HK$6.13B | -38.12 | -0.41% | ― | 7.11% | 77.53% |
* Industrials Sector Average
HK:2155
Morimatsu International Holdings Company Limited
6.85
1.06
18.31%
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Harbin Electric Co. Ltd. Class H
20.72
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Beijing Jingcheng Machinery Electric Co Ltd Class H
4.40
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-1.79%
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Impro Precision Industries Limited
8.01
5.21
186.17%
Morimatsu International Holdings Company Limited Corporate Events
Morimatsu International Director’s Passing Triggers Temporary Non-Compliance With HKEX Rules
Dec 29, 2025
Morimatsu International Holdings has announced the passing of independent non-executive director Kanno Shinichiro, who also served on the audit and remuneration committees and was recognized by the board for his professional expertise and long-sta...
Morimatsu International Sets Out Board and Committee Structure
Dec 29, 2025
Morimatsu International Holdings Company Limited has disclosed the current composition of its board of directors, listing five executive directors, one non-executive director serving as chairman, and two independent non-executive directors. The co...
Morimatsu International Announces Connected Lease Transaction
Dec 12, 2025
Morimatsu International Holdings Company Limited announced a connected transaction involving a lease agreement between its subsidiary, Morimatsu Heavy Industry, and Morimatsu Chemical. The agreement, effective from January 2026 to November 2027, i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.